Delhi Government issued a fresh directive to the Revenue Department asking it to allow sale and purchase of immovable properties only through proper sale and not allow any such transactions by way of General Power of Attorney (GPA).

The fate of the Non-Occupancy Tax or the ‘second home tax’, a policy in the Regional Plan 2021 which was proposed by the State Level Committee (SLC) hangs in balance with little information coming forth from the government.

Chief Minister of Goa Manohar Parrikar on Monday said that the Government will swing into action to hold dialogue with all the stakeholders to formulate a new Regional Plan, a State land use plan, possibly within six months.

The cut in the key policy rates by the Reserve Bank of India in its credit policy for 2012-13 comes as a welcome move for the property industry, after 13 consecutive hikes between March 2010 and October 2011.